Correspondent, London
Natsuko's Feed
Feb 18, 2014

Investors shun emerging markets, especially South Africa — BofA poll

LONDON, Feb 18 (Reuters) – Investors grew even more
pessimistic about the developing world in February, with a
majority saying the biggest threat to the stability of global
financial markets was turmoil in emerging markets, a survey
showed on Tuesday.

A monthly fund managers survey by Bank of America Merrill
Lynch showed investors’ cash balance jumped to 4.8 percent, the
highest since July 2012, as investors remained concerned about
over-stretched equity valuations.

Feb 17, 2014

Ukraine bonds firmer; emerging stocks hit three-and-a-half week high

LONDON (Reuters) – Ukraine’s sovereign bonds rose on Monday after opposition protesters ended a two-month occupation of Kiev’s city hall, while emerging market stocks hit a 3-1/2-week high after upbeat Chinese lending data.

Ukrainian opposition protesters opened a road to limited traffic, meeting an amnesty offer aimed at easing a stand-off over President Viktor Yanukovich’s rule. The authorities withdrew riot police from a flashpoint district of the capital.

Feb 17, 2014

Hryvnia rises briefly; stocks hit 3-1/2-week high on China data

LONDON, Feb 17 (Reuters) – Ukraine’s hryvnia and dollar
bonds briefly rose on Monday after opposition protesters ended a
two-month occupation of Kiev’s city hall, and emerging market
stocks hit a 3-1/2-week high after upbeat Chinese lending data.

The Ukrainian currency rose 0.8 percent to 8.7 per dollar
but quickly erased its gains, while dollar sovereign
bonds rose across the curve.

Feb 17, 2014
Feb 14, 2014
Feb 14, 2014

Politics, Fed could whip up new emerging markets storm

LONDON (Reuters) – A stabilization in emerging markets after January’s rout may turn out be the calm before the storm if political flare-ups and Fed policies provide the spark for the next round of selling.

Currencies in Turkey, South Africa, Hungary and Russia, which suffered violent sell-offs over the past month, have recovered slightly, partly because central banks have fought back via interest rates hikes or exchange rate interventions.

Feb 14, 2014

Rouble briefly hits all-time lows; central Europe rallies

LONDON (Reuters) – The Russian rouble stepped back from all-time lows on Friday after the central bank left interest rates on hold and hinted at tighter future policy, while evidence of economic recovery boosted Central European currencies.

The benchmark emerging equity index was on track for its biggest weekly gain since early October, helped by a rebound in Chinese shares.

Feb 13, 2014

Emerging currencies up after U.S. data; Latam stocks sink

RIO DE JANEIRO/LONDON, Feb 13 (Reuters) – Concerns over
economic growth, corporate earnings and inflation drove Latin
American stocks lower on Thursday, although most emerging market
currencies gained against the dollar following disappointing
U.S. retail data.

Yields on 10-year and 30-year U.S. bonds
retreated from recent peaks, relieving pressure on
South Africa’s rand, the Turkish lira and the
Hungarian forint, some of the worst-hit currencies in the
sell-off that began last month. Nigeria’s currency also
rebounded after a central bank intervention.

Feb 13, 2014

Ukraine debt insurance costs soar, Latam assets sink

RIO DE JANEIRO/LONDON, Feb 13 (Reuters) – Growing fears of a
default pushed Ukraine’s debt-insurance costs to four-year highs
on Thursday, while concern over economic growth and inflation
drove Latin American assets lower.

Higher U.S. Treasury yields also weighed on emerging
markets, bringing losses in South Africa’s rand, the
Turkish lira, Russian rouble and Hungarian forint
, some of the worst-hit currencies in the sell-off that
began last month. Nigeria’s currency rebounded,
however, following a central bank intervention.

Feb 13, 2014

Ukraine debt insurance costs soar, Nigerian assets drop

LONDON, Feb 13 (Reuters) – Growing fears of a default drove
Ukraine’s debt insurance costs to four-year highs on Thursday
and policy concerns pulled Nigerian assets into the emerging
market retreat.

Higher U.S. Treasury yields also weighed on emerging
markets, bringing losses in South Africa’s rand, the
Turkish lira, Russian rouble and Hungarian forint
, some of the worst-hit currencies in the sell-off that
began last month.

    • About Natsuko

      "Since joining Reuters as a graduate trainee in 2000, Natsuko has reported on issues surrounding global financial markets, monetary policy and central banking from Tokyo, Singapore, London, Paris, Madrid, Davos, Dubai, Moscow and Istanbul. She won the Reuters best scoop of the year in 2007 for a story on China's foreign exchange reserves policy and was also given State Street\'s best journalist of the year award in the same year. Currently based in London, she covers global investment issues and sovereign wealth funds on the Investment Strategy Desk."
      Joined Reuters:
      2000
      Languages:
      English, Japanese, French
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